Hewlett-Packard May Be Overestimating Its Market Stance (HPQ)
Hewlett-Packard (HPQ) was able to leave investors and consumers impressed after a product showcase in Las Vegas, but some analysts are voicing their concern for HP’s future.
Goldman Sach’s analyst Bill Shope was among the first to point out the overestimated earnings expections HP analysts have projected for the future. Shope stated earlier, “while there are pockets of impressive innovation at the company, we believe this is currently overwhelmed by the majority of the business that faces significant secular and competitive changes.”
HP shares were jumpy after the meeting, ending Thursday up 2 cents, or 0.08%. The stock is up 65.85% year-to-date.
The Bottom Line
Shares of Hewlett-Packard (HPQ) have a dividend yield of 2.33% based on Thursday’s end of day trading price of $24.93 and the company’s annualized dividend payout of 54 cents per share.
Hewlett-Packard (HPQ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.
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